NOT LISTED FOR SALE

1031 E Roosevelt St Phoenix, AZ 85006

Garfield Neighborhood

Estimated Value: $439,577 - $559,000

-- Bed
-- Bath
1,184 Sq Ft
$432/Sq Ft Est. Value

Last Sold December 08, 2023

Last sale price $600,000 $507 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $2,739/month

123 Days on Market

Highlights

  • Multiple cooling system units
  • Ceiling Fan
  • Multiple Heating Units
  • Phoenix Coding Academy Rated A
  • Vinyl Flooring

About This Home

As of December 2023

Huge Price Improvement! Duplex in Garfield Historic District Zoned R-5 (Residential or Professional Offices). Both units are remodeled and move in ready, so you can start generating income immediately. Roof, drywall, electrical, plumbing, flooring, water heater and appliances all recently upgraded! Property is perfect for students, business travelers, traveling nurses, or people looking to enjoy the trending Roosevelt & downtown night scene.

Last Agent to Sell the Property

Maria Angel

My Home Group Real Estate License #SA567102000 Listed on: 07/07/2023

My Home Group Real Estate

Last Buyer's Agent

Aftyn Owens

West USA Realty License #SA708498000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $648

Year Built

  • Built in 1936

Lot Details

  • 1,612

Home Design

  • Stucco
  • Adobe

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 3 Open Parking Spaces
  • 4 Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • Automatic Garage Door Opener
  • Paved Parking

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Heat Pump System

Listing and Financial Details

  • The owner pays for electricity, trash collection, water, cable TV
  • Tax Lot 17
  • Assessor Parcel Number 116-27-010

Community Details

Overview

  • 2 Units
  • Building Dimensions are 4625
  • Highland Addition Lots 9 26, 43 60, 74 91 Subdivision

Building Details

  • Operating Expense $6,521
  • Gross Income $50,689
  • Net Operating Income $43,352

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$648

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Cross Street: Roosevelt & 11th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1936
  • Tax Year: 2022
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: HIGHLAND ADDITION LOTS 9-26, 43-60, 74-91
  • Cooling:Ceiling Fan(s): Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Free-Standing Range, Disposal, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stucco, Adobe
  • Roof: Rolled/Hot Mop
  • Construction:Adobe: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Paved, Add'l Parking Avail, Garage Door Opener, >1 Space Per Unit, 1 Space/Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes
  • Parking Features Auto Door Opener: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Electric, 2 or More Units
  • Heating: Heat Pump, 2 or More Units
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Security Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1080.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 4625
  • Additional Parcels: No
  • Parcel #: 116-27-010

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Cable TV
  • Number Of Units Total: 2
  • Electric Expense: 1629.0
  • Annual Gross Income: 50689.0
  • Insurance Expense: 1800.0
  • Maintenance Expense: 1364.0
  • Property Net Operating Income: 43352.0
  • Annual Operating Expense: 6521.0

Tax Info

  • Tax Annual Amount: 648.0
  • Tax Book Number: 116.00
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2023
Closed on
Dec 8, 2023
Sold by
Seiter David
Bought by
Zeigler-Afolabi Leeza
Seller's Agent
Maria Angel
My Home Group Real Estate
Buyer's Agent
Aftyn Owens
West USA Realty
List Price
$610,000
Sold Price
$600,000
Premium/Discount to List
-$10,000
-1.64%
Views
42
Current Estimated Value
$511,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$88,606
Avg. Annual Appreciation
-7.46%
Original Mortgage
$560,000
Outstanding Balance
$551,210
Interest Rate
7.79%
Mortgage Type
VA
Estimated Equity
-$39,816

Purchase Details

Closed on
Feb 16, 2023
Sold by
Seiter David
Bought by
Seiter David and Seiter Honalee G

Purchase Details

Listed on
Apr 25, 2020
Closed on
Jul 20, 2020
Sold by
Balanzar Emanuel
Bought by
Seiter David
Seller's Agent
Jose Lopez
HomeSmart
Buyer's Agent
Joseph Anderson
Realty ONE Group
List Price
$489,000
Sold Price
$420,000
Premium/Discount to List
-$69,000
-14.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.70%
Original Mortgage
$412,392
Interest Rate
3.1%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 9, 2016
Sold by
Chavez Kate
Bought by
Balanzar Emanuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2016
Sold by
Lora Gonzalo and Lora Aracely
Bought by
Balanzar Emanuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2008
Sold by
Lora Gonzalo
Bought by
Lora Gonzalo and Lora Aracely

Purchase Details

Closed on
Jul 13, 2006
Sold by
Belli Michael C
Bought by
Chavez Gonzalo Lora and Lora Gonzalo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
8.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 26, 2004
Sold by
Dague Dan D and Dague Linda C
Bought by
Belli Michael C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,600
Interest Rate
4.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 18, 1999
Sold by
Martinez Ronald and Martinez Consuelo
Bought by
Household Finance Corp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Zeigler-Afolabi Leeza $560,000 Security Title Agency
Seiter David -- None Listed On Document
Seiter David $420,000 Pioneer Title Agency Inc
Balanzar Emanuel -- American Title Svc Agency Ll
Balanzar Emanuel $150,000 American Title Svc Agency Ll
Lora Gonzalo -- None Available
Chavez Gonzalo Lora $115,000 Stewart Title & Trust Of Pho
Belli Michael C $74,000 Capital Title Agency Inc
Household Finance Corp $63,035 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zeigler-Afolabi Leeza $560,000
Previous Owner Seiter David $412,392
Previous Owner Balanzar Emanuel $120,000
Previous Owner Chavez Gonzalo Lora $103,500
Previous Owner Belli Michael C $66,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/08/2023 12/08/23 Sold $600,000 -1.6% $507 / Sq Ft
11/02/2023 11/02/23 For Sale $610,000 +1.7% $515 / Sq Ft
11/01/2023 11/01/23 Off Market $600,000 -- --
10/17/2023 10/17/23 Price Changed $610,000 0.0% $515 / Sq Ft
10/17/2023 10/17/23 For Sale $610,000 -5.4% $515 / Sq Ft
09/29/2023 09/29/23 Off Market $645,000 -- --
08/19/2023 08/19/23 For Sale $645,000 0.0% $545 / Sq Ft
08/19/2023 08/19/23 Off Market $645,000 -- --
08/08/2023 08/08/23 Price Changed $645,000 -2.3% $545 / Sq Ft
07/27/2023 07/27/23 Price Changed $660,000 -2.2% $557 / Sq Ft
07/20/2023 07/20/23 Price Changed $675,000 -2.2% $570 / Sq Ft
07/08/2023 07/08/23 For Sale $690,000 +64.3% $583 / Sq Ft
07/30/2020 07/30/20 Sold $420,000 0.0% $355 / Sq Ft View Prior Sale
06/14/2020 06/14/20 Pending -- -- --
05/22/2020 05/22/20 Price Changed $420,000 -5.6% $355 / Sq Ft
05/09/2020 05/09/20 Price Changed $445,000 -9.0% $376 / Sq Ft
04/25/2020 04/25/20 For Sale $489,000 -- $413 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $721 $5,076 -- --
2024 $672 $4,834 -- --
2023 $672 $21,720 $4,340 $17,380
2022 $648 $14,530 $2,900 $11,630
2021 $643 $11,960 $2,390 $9,570
2020 $651 $11,050 $2,210 $8,840
2019 $650 $8,710 $1,740 $6,970
2018 $639 $7,960 $1,590 $6,370
2017 $624 $7,620 $1,520 $6,100
2016 $606 $5,210 $1,040 $4,170
2015 $561 $4,550 $910 $3,640
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Maria Angel

    My Home Group

    (480) 390-8622

    1 in this area

    15 Total Sales

    Maria Angel
    Section Image

  • A

    Buyer's Agent in 2023

    Aftyn Owens

    West USA Realty

    (602) 815-4091

    1 in this area

    1 Total Sale

    Aftyn Owens
    Section Image

  • J

    Seller's Agent in 2020

    Jose Lopez

    HomeSmart

  • J

    Buyer's Agent in 2020

    Joseph Anderson

    Realty One Group

    (602) 515-3650

    8 Total Sales

    Joseph Anderson
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6577882

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-27-010

Arizona Maricopa County Phoenix 85006 Garfield

1031 E Roosevelt St, Phoenix, AZ

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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